Example ContractsClausescollateral agreementVariants
Collateral Agreement
Collateral Agreement contract clause examples

Cash Collateral. At Lender’s request, Borrowers shall Cash Collateralize outstanding Letters of Credit if an Event of Default has occurred or is continuing, the Termination Date is scheduled to occur within 5 Business Days or the Termination Date occurs.

Cash Collateral. At Agent’s or Issuing Bank’s request, Borrowers shall Cash Collateralize # the Fronting Exposure of any Defaulting Lender; and # all outstanding Letters of Credit if an Event of Default exists, the Termination Date is scheduled to occur within five (5) Business Days or the Termination Date occurs. If Borrowers fail to provide any Cash Collateral as required hereunder, Lenders may (and shall upon direction of Agent) advance, as Loans, the amount of Cash Collateral required (whether or not the Commitments have terminated, an Overadvance exists or the conditions in Section 6 are satisfied).

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